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What is the tax liability of the company for the year

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Reference no: EM132764013

Problem 1: Blue Company has taxable income of $90,000 before charitable contributions. The company made a $10,000 cash contribution to the local university. What is the tax liability of the company for the year?

Option 1: $22,250.
Option 2: $18,900.
Option 3: $16,800.
Option 4: $17,010

Reference no: EM132764013

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